THE BUDGET

The Chancellor, before heading to the House of Commons, expressed optimism about recent economic improvements and urged everyone to strive for success. In the House, announcements included purchase tax reductions and income tax relief, aimed at lowering living costs and addressing the London taxi crisis. Mr. Butler highlighted the need to boost exports and modernize industry while maintaining a high standard of living.

What was the Chancellor's main message before heading to the House of Commons?

• To criticize the opposition

• To discuss international relations

• To announce a new tax policy

• To encourage everyone to strive for success

What was one of the key benefits announced in the budget?

• Higher interest rates

• Increase in purchase tax

• Reduction in income tax

• New import duties

How does the budget aim to address the London taxi crisis?

• By increasing fuel subsidies

• By reducing road tolls

• By exempting taxi cabs from purchase tax

• By providing new taxi licenses

What are the two major challenges mentioned by the Chancellor?

• Enhancing public transport and housing

• Improving healthcare and education

• Boosting exports and modernizing industry

• Reducing unemployment and increasing wages

What is essential for maintaining a high standard of living, according to the Chancellor?

• Reducing public services

• Selling quality products abroad at competitive prices

• Raising taxes

• Increasing government spending